NOT LISTED FOR SALE

489 N Parks Schram Rd Warsaw, IN 46580

Estimated Value: $335,000 - $352,000

4 Beds
2 Baths
2,959 Sq Ft
$116/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $310,000 $105 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,997/month

40 Days on Market

Highlights

  • 450 Feet of Waterfront
  • Vaulted Ceiling
  • Partially Wooded Lot
  • Primary Bedroom Suite
  • Ranch Style House
  • Solid Surface Countertops

About This Home

As of March 2023

Set back on over 2.5 acres and on the banks of the Tippecanoe River, this home is something to get excited about! Not too far from town, but with that country feel this home offers a peaceful setting with panoramic views. The winding river bends around the property and offers over 450 feet of riverfront! Invite friends and family over for a day of kayaking and fishing and end it with a bonfire and smores. Bring guests inside the welcoming living room with tiled entryway, floor to ceiling windows, and crown molding for that finishing touch. In the kitchen you’ll be pleased with the cabinet space, Corian countertops, and stainless steel appliances. The garden window above the sink is the perfect place to let a little more sunshine into your life and enjoy the views of your acreage while you work. There is plenty of room to host you holiday meals in the dining room while enjoying the ambiance of the fireplace. After dinner, head to the family room to relax or play some games. With the abundance of windows in the three seasons room and the family room you will be surrounded with scenes of nature. Watching the sunset with a glass of wine may become your new favorite evening wind down. Or step out onto the deck to be under the stars themselves as you listen to the sounds of nature and watch for wildlife. In the master bedroom with attached ensuite, enjoy the peaceful views of the river as it winds around the far edges of your property or escape outdoors onto your private deck. There are two additional rooms available for guests, family, or a home office. The full bathroom with a double vanity and extra cabinetry for linens and storage is readily available. Main level laundry is an additional perk of this home. If it’s too cold to go outside, head downstairs to burn off some energy. There is plenty of space for a pool table, to set up an exercise room, a huge playroom, or a craft center. A fourth bedroom is even available if you need it! Throughout the home you will find plenty of storage space, beautiful views through the many windows, and lots of space to spread out and enjoy gatherings with friends and family. Who knows - you could even have a few chickens here and be the envy of all your friends!

Last Agent to Sell the Property

James Bausch

RE/MAX Results Listed on: 02/03/2023

RE/MAX Results

Last Buyer's Agent

Mindy Scaggs

Legacy Group Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,626

Year Built

  • Built in 1972

Lot Details

  • 2.66 Acre Lot
  • Lot Dimensions are 684x182x464x175x235
  • 450 Feet of Waterfront
  • River Front
  • Landscaped
  • Irregular Lot
  • Partially Wooded Lot

Parking

  • 1 Car Garage
  • Carport
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • 1 Bedroom in Basement

Schools

  • Mentone Elementary School
  • Tippe Valley Middle School
  • Tippe Valley High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Radiant Heating System
  • The river is a source of water for the property
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 43-10-10-200-145.000-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,626

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1972
  • Age: 51
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 10
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 013-055-001.A PT NE NE SW & PT NW NW SE 10-32-5 2.66A
  • Parcel Number ID: 43-10-10-200-145.000-034
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Ceiling Fan(s), Ceilings-Vaulted, Countertops-Solid Surf, Crown Molding, Deck Open, Dryer Hook Up Gas, Landscaped, Twin Sink Vanity, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry, Washer Hook-Up
  • Cross Street: Crystal Lake Rd
  • Grid: 10 - Central Kosc.
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 97.18
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3039
  • Total Finished Sq Ft: 2959
  • Above Grade Finished Sq Ft: 1867
  • Below Grade Finished Sq Ft: 1092
  • Below Grade Sq Ft: 80
  • Price Per Sq Ft: 166.04
  • Basement: Yes
  • Basement Foundation: Full Basement, Finished
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Dining Rm, Gas Log
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Living Great Room: Dimensions: 24x14, On Level: Main
  • Kitchen: Dimensions: 11x10, On Level: Main
  • Dining Room: Dimensions: 19x14, On Level: Main
  • Family Room: Dimensions: 17x16, On Level: Main
  • Extra Room: 3 Seasons Room, On Level: Main
  • Bedroom 1: Dimensions: 13x11, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Bedroom 3: Dimensions: 12x10, On Level: Main
  • Bedroom 4: Dimensions: 14x13, On Level: Lower
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1172

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: Shed, Dimensions: 23x10, 230
  • Water Frontage: 450
  • Water Name: Tippecanoe River

Garage/Parking

  • Garage Type: Carport
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 23x19
  • Garage Sq Ft: 437
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Radiant
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Gas Company: NIPSCO
  • Water Type: River
  • Well Size: 2 Inches
  • Well Type: Private

Schools

  • School District: Tippecanoe Valley
  • Elementary School: Mentone
  • Middle School: Tippe Valley
  • High School: Tippe Valley
  • Elementary School: Mentone

Lot Info

  • Lot Description: Irregular, Partially Wooded, Waterfront, 0-2.9999
  • Lot Dimensions: 684x182x464x175x235
  • Estimated Lot Sq Ft: 115870
  • Estimated Lot Size Acres: 2.66

Tax Info

  • Annual Taxes: 1626
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Riverfront

MLS Schools

  • High School: Tippe Valley
  • Middle School: Tippe Valley
  • School District: Tippecanoe Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Mar 30, 2023
Sold by
Huffman Bruce A and Huffman Kristina D
Bought by
Riley Kevin J and Ham Bridget J
Seller's Agent
James Bausch
RE/MAX Results
Buyer's Agent
Mindy Scaggs
Legacy Group Real Estate LLC
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%
Views
157
Current Estimated Value
$344,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,204
Avg. Annual Appreciation
4.14%
Original Mortgage
$240,000
Outstanding Balance
$233,207
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$110,997

Purchase Details

Closed on
Jul 8, 2009
Sold by
Huffman Bruce A
Bought by
Huffman Bruce A and Huffman Kristina D Carnes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2001
Sold by
Mae Ellis Donna
Bought by
Macs Eggs Inc 2 60A

Purchase Details

Closed on
Aug 17, 1999
Sold by
Ellis Charles A and Mae Donna
Bought by
Ellis Donna Mae
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Riley Kevin J $310,000 --
Huffman Bruce A -- Center Title Services
Huffman Bruce A -- None Available
Macs Eggs Inc 2 60A -- --
Ellis Donna Mae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Kevin J $240,000
Previous Owner Huffman Bruce A $179,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $310,000 -2.8% $105 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $319,000 -- $108 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,305 $315,000 $23,000 $292,000
2023 $1,889 $266,000 $23,000 $243,000
2022 $1,886 $245,600 $23,000 $222,600
2021 $1,626 $203,600 $23,000 $180,600
2020 $1,476 $186,500 $23,000 $163,500
2019 $1,364 $182,800 $23,000 $159,800
2018 $1,291 $174,400 $23,000 $151,400
2017 $1,178 $169,600 $23,000 $146,600
2016 $1,127 $165,200 $22,500 $142,700
2014 $1,102 $161,000 $22,800 $138,200
2013 $1,102 $161,000 $22,800 $138,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202303086

Indiana Regional MLS

APN: 43-10-10-200-145.000-034